Managers
Denmark’s tax authority SKAT has lost its $1.9bn London lawsuit against hedge fund manager Sanjay Shah and his defunct firm Solo Capital, marking a major setback in its long-running effort to recover losses tied to cum-ex dividend tax schemes, according to a report by Reuters.
Hudson Bay Capital Management has secured the dismissal of a lawsuit brought by the former Bed Bath & Beyond Inc (Bed Bath), which alleged the multi-strategy hedge fund firm improperly profited from the retailer’s decline, according to a report by Bloomberg.
Activist hedge fund firm Irenic Capital Management, which holds a 2% shareholding in Workiva Inc, has outlined a series of recommendations aimed at reversing the software company’s recent share price underperformance and accelerating value creation.
Bridgewater Associates has chosen five finalists from five countries for its “Forecasting the Future” talent initiative, offering $25,000 awards and potential employment opportunities at the $92bn macro hedge fund, according to a report by Reuters.
Hedge fund Jain Global has made its first significant move into physical natural gas trading through the acquisition of wholesale marketing firm Anahau Energy, according to a report by Bloomberg citing unnamed people familiar with the matter.
James Fishback, a former analyst at David Einhorn’s Greenlight Capital, has admitted to sharing confidential fund information and agreed to cover the hedge fund’s legal costs in a lawsuit filed against him, according to a report by Bloomberg.
Hedge funds have adopted a bearish stance on London cocoa for the first time in three years, reflecting expectations of stronger global supplies following a historic crunch in West Africa, according to a report by Bloomberg.
Elliott Investment Management is exploring strategic options for Ark Data Centres, the UK operator it has owned since 2012, in a deal that could value the business at more than £3bn ($4bn), according to a report by Reuters.
Activist hedge fund Irenic Capital Management has taken a roughly 2% stake in financial reporting software provider Workiva (NYSE: WK) and is pressing for governance changes, improved profitability, and a potential sale, according to a report by reuters.
London-based multi-manager hedge fund Eisler Capital is set to shut down after struggling to meet performance expectations and facing rising costs to attract and retain top trading talent, according to a report by the Financial Times.
